Are you uncertain whether to hold out or cut your price?
Track showings & Offers
Listen to feedback
*Before we make price reductions, we circle back with all the agents who showed it to see if an offer is on the horizon and that it is accessible (it can be shown easily, photos look good, coop commission is attractive, it is clean and tidy). You want to correct these BEFORE adjusting the price.
Benchmark of showings
5 showings in week 1
2-3 showings each week thereafter
Once you hit 10, showings should have an offer.
In the ballpark, getting steady showings but no offer.
Solution: Reduce 2-3%
Common Scenario - Very Few Showings and No Offers
If you're getting 1 showing every week or two - open-house visitors don't count.
Solution: Reduce the price by 5-7%.
The longer your home sits on the market, the lower the price. So jump on it quickly. For a free report, call me today at 619-846-1244.
Free report on how long it will take and for how much: